Effective on January 1, 2020, ACORD will begin charging all users of ACORD forms a fee, both agents/brokers and carriers. But don't worry, we've got you covered!
Through an agreement negotiated by the Big 'I', MWAIIA members (under $50 million in revenue) will not have to pay ACORD an annual fee for use of their forms (including those integrated in your Agency Management System!)
See your savings in the chart below:
| Tier | Gross Rev Min | Gross Rev Max | Per Agency Charge |
| 1 | - | 149,999.99 | 10.00 |
| 2 | 150,000.00 | 499,999.99 | 20.00 |
| 3 | 500,000.00 | 1,249,999.99 | 60.00 |
| 4 | 1,250,000.00 | 2,499,999.99 | 150.00 |
| 5 | 2,500,000.00 | 9,999,999.99 | 500.00 |
| 6 | 10,000,000.00 | 24,999,999.99 | 1,750.00 |
| 7 | 25,000,000.00 | 49,999,999.99 | 2,500.00 |
FAQ's
What has changed with ACORD form and agent access?
ACORD has been maintaining a complete library of forms for our industry for almost 50 years. They are working through updated agreements with their management system partners. ACORD will be charging new fees for the users of their forms, beginning on January 1, 2020.
How does this affect Big ‘I’ member agencies?
The Big ‘I’ has worked to ensure that you are covered and will not incur fees when accessing needed ACORD forms. All Big I members with less than $50 million in revenue will get the forms free as part of their Big I membership.
Does this affect my current agency workflow?
No. Agents will still access forms via their agency management system workflow as they have previously.
How will ACORD know that I am a Big ‘I’ member agency?
Big ‘I’ staff is working with ACORD to validate Big ‘I’ membership through our database. This validation will be transparent to you.
What if I have questions or need further help?
More background on ACORD Forms is available at www.acord.org/forms, and you can also call ACORD directly at (845) 620-1700.